Monday, September 24, 2007

House Update

Just so you don't think I'm ignoring you on this front, I thought I'd just post to say we have no news. Yes, we made an offer two and a half weeks ago, and yes, that's a really long time to not get an acceptance or counter-offer, and yes, legally there's no offer on the table any more (effectively declined). However, we are still in offer limbo, as the seller keeps asking for more time to figure things out on her side. In exchange for our patience, there are no open houses or showings until we hear back from them.

It's fine with us. We're still living in the house in the meantime, and with no showings or open houses, it's like the house isn't on the market anymore. And it's way cheaper to rent the house than it is to own it, so we'll take a few more weeks/months of the lower payment. It does mean we can't start to get to work on some of the changes we want to do, but that's okay. Instead we'll just keep socking away money so that when we do buy a house we have more that we can do. Plus, interest rates keep going down and we keep getting farther and farther away from the crazy mortgage panic that means we might be able to get a decently priced mortgage.

It's all fine. My husband is getting itchy, but I can be as patient (read that as "stubborn") as they need me to be. I figure the more time they ask for to consider the offer, the harder it will be for them to counter (since we'll just say no the longer we wait), and we may just get it for what we've asked. I'm pretty okay with that. So, as I'm in the optimistic no-news-is-good-news camp, I just thought I'd let you know that's where we are.

2 comments:

Stephanie said...

That's a good way to look at it! I was wondering how it was going for the home-front. We didn't get the property we thought we'd get. Contract negotiations did not go well, it wasn't the $ amount, it was the terms of the purchase. Just goes to show, nothing is over until money is in the bank!

Heather said...

steph -- sorry to hear about your real estate deal falling through. I guess on the bright side, now you don't have to do all the work to fix it up and make it useable!